weren't you pondering that yesterday at around 525c .. now 575c .. small caps be tricky, sure the recent moves been crazy, but have a peak at the POY chart, crazy doesn't mean much, could go higher before a pull back that could only pull back to 600 ?? an yes I own it, so talking book an all ..
you also asked the same question at the 450 mark. If you were unable to make a commitment then, and are asking the same question now, then I would say that this stock is not for you. Buying at the top end of a rally is never a good thing - but if you absolutely believe in the CGR growth story - i.e. R10 a share, then I would recommend a cost averaging strategy for you. Personally, I think this stock is in a massive growth market. Tokyo Sexwale was quoted as saying 8000 such projects of theirs are in the DHS's pipeline - and CGR has what - 3 of them. Huge growth. You are probably still buying their current operations at a discount (you need to apply an NPV model), which means that the market more than likely hasn't priced in any 'potential future projects'. IE you will get a return for your money on the current investment - but you have upside possibility if a new project comes online.
ya fressa your bus has departed, sure as heck CGR will go higher, til the moment you buy and then it will collapse .. so forget about buying, but go back and work out what made you hesitate at 450c and again st 525c .. why did you like it but were to afraid to buy it ?? so that next time you can buy without fear ..
thanks guys. I knew it was a winner (as we all do in hind sight) but got burnt with Seakay a few years ago. being in the same space i got nervous :(. anyway, i suppose like everything in life, another opportunity will come up. thanks for all your input.